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Bookkeeping For Dummies 2018

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The Best Bookkeeping For Dummies 2018 of 2023 – Reviewed and Top Rated

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FAQ:

Q: What do you need to know about bookkeeping?

A: Bookkeepers are generally entrusted with keeping the Chart of Accounts, the General Ledger, and the company journals, which give details about all financial transactions. Your bookkeeping system is built on a few key elements fundamental to keeping your books in order.

Q: What are the duties of separate bookkeeping staff?

A: Separate cash handlers. Be sure that the person who accepts cash isn’t also recording the transaction. Separate authorization responsibilities. Be sure that the person who authorizes a payment isn’t also signing the check or dispersing the cash. Separate the duties of your bookkeeping staff to ensure a good system of checks and balances.

Q: Who is Cecile Laurin, CPA, Canada for Dummies?

A: Cécile Laurin, CPA, CA is a Chartered Professional Accountant and teacher based in Ottawa. What other items do customers buy after viewing this item? How are ratings calculated?

Q: How is the current ratio used in bookkeeping?

A: In bookkeeping, the current ratio compares your current assets to your current liabilities. This ratio provides a quick glimpse of your company’s cash flow — its ability to pay its bills. The formula for calculating this important ratio is as follows: The following is an example of a current ratio calculation:

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